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The U.K. Financial Conduct Authority has issued two warnings on Wednesday, highlighting for investors two companies that are violating the existing regulatory framework. Both firms have been soliciting clients from the U.K. and have been engaged in illegal provision of financial services.
The first company is TFX Traders which is operating via its website www.tfxtraders.com. The firm is providing binary options trading but is calling the product with a different name. Directional trading options are provided through and “ECN approved” platform, which the company is advertising as a credible verification.
With the such standard, the firm is attempting to mislead investors ... (read more)